JUNEAU, Alaska — The Alaska Senate unveiled a nearly $2.9 billion capital budget Monday.
It's just slightly smaller than last year's spending plan, which some lawmakers, and the governor, considered pretty hefty; and includes money for major energy projects, roads, repairs, and schools.
$20 million would go to the Anchorage port; $10 million would fix up Project 80's buildings, like the Loussac library; and $17 million would build a new UAA sports arena.
There's also money directed at energy projects, like home weatherization and hydro power.
In addition, Lawmakers who crafted the budget committed to fixing up the major repairs needed in Alaska's schools.
"Our economy is still fragile, but through strong capital budgets we have been able to stave off a substantial economic downturn in Alaska," said Senate Finance Committee co-chair Bert Stedman (R-Sitka) in a press release.
Stedman said the Senate intends to save $2 for every dollar it spends.